Recently, the EUR/JPY pair has been trading sideways at the price of 123.72. According to the 1H time frame, I found a fake breakout of yesterday's low, which is a sign that selling looks risky. My advice is to consider potential buying opportunities. The short-term trend is bullish. Upward targets are set at the price of 124.30 and 124.50.
Resistance levels:
R1: 123.80
R2: 123.90
R3: 124.00
Support levels:
S1: 123.60
S2: 123.50
S3: 123.40
Trading recommendations for today: consider potential intraday buying opportunities.
